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Progressive

1,179 hedge funds and large institutions have $65.9B invested in Progressive in 2023 Q2 according to their latest regulatory filings, with 116 funds opening new positions, 395 increasing their positions, 505 reducing their positions, and 117 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more call options, than puts

Call options by funds: $258M | Put options by funds: $180M

0.49% less ownership

Funds ownership: 85.54%85.05% (-0.49%)

1% less funds holding

Funds holding: 1,1871,179 (-8)

1% less first-time investments, than exits

New positions opened: 116 | Existing positions closed: 117

8% less capital invested

Capital invested by funds: $71.6B → $65.9B (-$5.7B)

22% less repeat investments, than reductions

Existing positions increased: 395 | Existing positions reduced: 505

34% less funds holding in top 10

Funds holding in top 10: 5838 (-20)

Holders
1,179
Holders Change
-8
Holders Change %
-0.67%
% of All Funds
18.51%
Holding in Top 10
38
Holding in Top 10 Change
-20
Holding in Top 10 Change %
-34.48%
% of All Funds
0.6%
New
116
Increased
395
Reduced
505
Closed
117
Calls
$258M
Puts
$180M
Net Calls
+$78.9M
Net Calls Change
+$82.5M
Name Holding Trade Value Shares
Change
Change in
Stake
AW
1176
Avion Wealth
Texas
$1K +$268 +2 +13%
SF
1177
Safeguard Financial
Wisconsin
$1K +$670 +5 New
HBW
1178
Hazlett, Burt & Watson
West Virginia
$1K +$938 +7 New
TWP
1179
TFO Wealth Partners
Ohio
$927
IHWM
1180
Iron Horse Wealth Management
Iowa
$826 -$10.1K -75 -93%
JMPWA
1181
JP Morgan Private Wealth Advisors
California
-$121M -843,814 Closed
JCM
1182
Junto Capital Management
New York
-$94.4M -659,930 Closed
ZIG
1183
Zurich Insurance Group
Switzerland
-$63M -440,307 Closed
RAM
1184
RWC Asset Management
United Kingdom
-$43.9M -306,812 Closed
OIAM
1185
OFI Invest Asset Management
France
-$1.35M -193,131 Closed
Lord, Abbett & Co
1186
Lord, Abbett & Co
New Jersey
-$25.5M -178,583 Closed
WorldQuant Millennium Advisors
1187
WorldQuant Millennium Advisors
New York
-$20.3M -142,098 Closed
ECM
1188
Element Capital Management
New York
-$16.7M -117,013 Closed
IAIM
1189
Industrial Alliance Investment Management
Quebec, Canada
-$16.7M -116,540 Closed
LP
1190
LMR Partners
United Kingdom
-$15.3M -106,911 Closed
KCM
1191
Kingdon Capital Management
New York
-$14.3M -100,000 Closed
Hudson Bay Capital Management
1192
Hudson Bay Capital Management
Connecticut
-$12.9M -90,000 Closed
BCM
1193
Barometer Capital Management
Ontario, Canada
-$9.88M -69,080 Closed
Tudor Investment Corp
1194
Tudor Investment Corp
Connecticut
-$9.15M -68,266 Closed
WMSA
1195
Weiss Multi-Strategy Advisers
New York
-$9.08M -63,500 Closed
PWAG
1196
Polaris Wealth Advisory Group
California
-$7.3M -51,034 Closed
GCM
1197
Gunderson Capital Management
South Carolina
-$6.37M -44,512 Closed
SL
1198
Summitry LLC
California
-$5.99M -41,841 Closed
JAM
1199
Jacobs Asset Management
New York
-$4.65M -32,500 Closed
WG
1200
Winton Group
United Kingdom
-$4.45M -31,127 Closed

PGR Hedge Fund Activity: Q2 2023 in Review

1,179 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q2 2023, worth a combined $65.9B — down 8% from $71.6B a quarter earlier.

Sellers outnumbered buyers: 117 funds closed out of PGR and 116 opened new positions — a net loss of 1 holder — while 505 trimmed existing stakes and 395 added.

The largest buyer was Janus Henderson Group, adding an estimated $435M. The largest seller was DZ Bank, cutting an estimated $449M.

  • 1,179 institutional investors held Progressive (PGR) as of Q2 2023, down from 1,187 in Q1 2023.
  • Funds reported $65.9B of Progressive stock for Q2 2023, down 8% quarter-over-quarter.
  • 116 funds opened new Progressive positions in Q2 2023 and 117 closed out, a net change of -1 holder.
  • The largest Progressive buyer in Q2 2023 was Janus Henderson Group, an estimated $435M added.
  • The largest Progressive seller in Q2 2023 was DZ Bank, an estimated $449M sold.

Based on aggregated 13F filings for Q2 2023.